From the current candlestick chart, BTC's morning trend shows a wide-range fluctuation with a characteristic of rising and then facing resistance and pulling back. The morning experienced a sharp oscillation of "bottom testing - surge - retreat." Currently, the price is consolidating around 85,779, and the sideways, slightly bearish pattern is gradually emerging, with the upward momentum clearly weakening. If the price can quickly recover the 86,000 integer level, there is a high probability of testing the resistance zone at 86,400-86,515 a second time.
Trading Suggestions Bullish: Support at 85,050-85,550 for light positions, target 86,200-86,500, stop-loss below 85,000. Bearish: If resistance at 86,200 is hit and rejected, consider short positions, target 85,800-85,500, stop-loss above 86,200.
12.16 ETH Morning Market Forecast and Analysis
This morning experienced a wide-range fluctuation of "sharp rise - sharp fall - rebound." Currently, the price is consolidating around the 2942-2960 range. The predominantly bullish rhythm has not been broken, but the upward momentum has weakened. If the price can stay above 2950 steadily, it is likely to test the resistance zone at 2970-2976 a second time; if it falls below 2940, it will return to the lower oscillation range of 2920-2940, and caution is needed for further downside by the bears.
Trading Suggestions Bullish: Support at 2930-2940 for light positions, target 2975-2995, stop-loss below 2930. Bearish: If resistance at 2970 is rejected, consider short positions, target 2945-2935, stop-loss above 2977.
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12.16 BTC Morning Market Forecast and Analysis
From the current candlestick chart, BTC's morning trend shows a wide-range fluctuation with a characteristic of rising and then facing resistance and pulling back. The morning experienced a sharp oscillation of "bottom testing - surge - retreat." Currently, the price is consolidating around 85,779, and the sideways, slightly bearish pattern is gradually emerging, with the upward momentum clearly weakening. If the price can quickly recover the 86,000 integer level, there is a high probability of testing the resistance zone at 86,400-86,515 a second time.
Trading Suggestions
Bullish: Support at 85,050-85,550 for light positions, target 86,200-86,500, stop-loss below 85,000.
Bearish: If resistance at 86,200 is hit and rejected, consider short positions, target 85,800-85,500, stop-loss above 86,200.
12.16 ETH Morning Market Forecast and Analysis
This morning experienced a wide-range fluctuation of "sharp rise - sharp fall - rebound." Currently, the price is consolidating around the 2942-2960 range. The predominantly bullish rhythm has not been broken, but the upward momentum has weakened. If the price can stay above 2950 steadily, it is likely to test the resistance zone at 2970-2976 a second time; if it falls below 2940, it will return to the lower oscillation range of 2920-2940, and caution is needed for further downside by the bears.
Trading Suggestions
Bullish: Support at 2930-2940 for light positions, target 2975-2995, stop-loss below 2930.
Bearish: If resistance at 2970 is rejected, consider short positions, target 2945-2935, stop-loss above 2977.